IF ARTICLE STUDENT TRANSFER TO ANOTHER C.A. AND THEN HE DECIDED TO COME BACKUP TO FIRST C.A. CAN HE TRANSFER FROM SECOND C.A. TO FIRST C.A.

We propose to computerise our invoices. The software is as per the requirements of the department. Our query is how to preauthenticate the Invoices. The excise department clarification says that the number can be generated and preauthentication can be done before it is assigned to date and time of removal. I am not clear once the number is generated we necessarily have to take out a print. Can some one clarify? Also, the invoices generated on blank stationary from the computer donot require carbon papers. Is this position correct?

If last year service tax is disallowed and this year service tax deposited and claim will it allowed. if yes then please send me any case in favour of assessee who have claim service tax

Dear Sir,

I would like to know, if we are making payment to foreign company through credit card, then Is it our liability to deduct Tds on such payment under section 195. If Invoices are generated by foreign company on Company Director Name Individually not on company name.

Sale is not A direct income ,than why it exists in trading A/C?

One of my client purchased a Plot from a Society of government of Punjab for Rs.6,10,000/- on 26-10-2004 on the condition that he can sell it to only Housing development organisations. My client made an Sale agreement with a Housing Development Organisation for Rs.82,50,000/- on 25-02-2007 in which it was said that payment can be made in four installment without any date mentioned. My client received 1st Installment on 13-03-2007 of Rs.15,00,000/- and 2nd of Rs.18,00,000/- and deposit a tax of Rs.9,00,000/- on 15-03-2008 but there after Real owner of property i.e. Society of Punjab Government filed a case in a court that this sale can not be made to this organisation and stay has been granted by court. Now i want to file return of my assessee for the A.Y-2008-2009. How could i file it whether i will claim refund of that amount or anything will done diffrenet.

Hi Experts,


In addittion to my other queries here is new one.

I am buying Goods from outside Delhi @ 2% CST paid by me till now and selling the goods in New Delhi @ 12.5% VAT

My margin in the product after Delhi VAT is not more than 5%

How is the ways I can save on Tax specially knowing when 12.5% is reserved for the Govt of Delhi.

Is there any way out except selling goods outside Delhi ?

Why is the exemption limit Rs. 1,50,000(in case of individual other than Resident women and Resident Senior Citizen)? I mean, how such limit is derived? Why it can't be Rs. 1,50,005 or some other figure?
How are these slab rates fixed?

Regards,
Jinesh

My friend who is a salaried person with Mutual Fund dealings is in need of a package which combines accounting for the individual alongwith ITR.The source of input would be the Bank Statements and the reports required would be Balance-sheet,Capital A/c,Receipts & Payments statement,Computation of taxable income and any other reports that an ITO would typically demand during a scrutiny assessment.Is there any such package?Is it freely downloadable?If not,what would be the cost?From where can he procure the same?[Note:He is not a Commerce graduate and hence would require a simple and user-friendly software].Many thanks for a prompt response and help.

Hi all
I want to know what is accumulated depriciation and how it is treated in accounts. please help me with example